Rip Road Capital Partners LP Increases Stock Position in SunOpta, Inc. $STKL

Key Points

• Rip Road Capital Partners LP increased its stake in SunOpta, Inc. by 213.2%, acquiring an additional 340,914 shares, which now comprise approximately 2.7% of its investment portfolio.
• SunOpta reported a $0.04 EPS for the quarter, exceeding expectations and showing a revenue surpassing analyst estimates at $191.49 million.
• Institutional investors collectively own 85.39% of SunOpta’s stock, indicating strong institutional confidence in the company.

Rip Road Capital Partners LP increased its position in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 213.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,814 shares of the company's stock after acquiring an additional 340,914 shares during the quarter. SunOpta comprises 2.7% of Rip Road Capital Partners LP's holdings, making the stock its 14th biggest position. Rip Road Capital Partners LP owned 0.43% of SunOpta worth $2,434,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Bayesian Capital Management LP increased its stake in SunOpta by 15.2% during the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock valued at $89,000 after purchasing an additional 1,523 shares in the last quarter. EP Wealth Advisors LLC increased its position in shares of SunOpta by 11.9% in the 1st quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company's stock valued at $80,000 after acquiring an additional 1,747 shares during the period. XTX Topco Ltd increased its position in shares of SunOpta by 3.3% in the 1st quarter. XTX Topco Ltd now owns 72,636 shares of the company's stock valued at $353,000 after acquiring an additional 2,354 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of SunOpta by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,001 shares of the company's stock valued at $272,000 after acquiring an additional 2,424 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of SunOpta by 4.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,055 shares of the company's stock valued at $701,000 after acquiring an additional 4,053 shares during the period. Institutional investors and hedge funds own 85.39% of the company's stock.

SunOpta Stock Performance

Shares of NASDAQ STKL traded down $0.05 during mid-day trading on Tuesday, hitting $6.42. The stock had a trading volume of 429,133 shares, compared to its average volume of 591,021. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.39 and a current ratio of 0.96. The company has a 50 day moving average of $6.22 and a two-hundred day moving average of $5.65. SunOpta, Inc. has a twelve month low of $3.64 and a twelve month high of $8.11. The firm has a market cap of $758.78 million, a PE ratio of -107.00 and a beta of 1.35.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last released its earnings results on Wednesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $191.49 million for the quarter, compared to the consensus estimate of $185.36 million. SunOpta had a positive return on equity of 12.82% and a negative net margin of 0.66%. Research analysts predict that SunOpta, Inc. will post 0.13 EPS for the current fiscal year.

SunOpta Profile

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.